US dollar rises with Omicron concerns

The US dollar rose today after Federal Reserve Chairman Jerome Powell said during a hearing with the US Senate Banking Committee that inflation risks have increased, explaining that higher prices are generally linked to the epidemic. The main dollar index, which measures the performance of the greenback against 6 major currencies, rose 0.1% to 96.331, the euro fell against the US dollar by 0.1% to $1.1279, and the Japanese yen rose against the US dollar by 0.2% to $113.31. The Japanese yen and the Swiss franc rose against the US dollar, after the CEO of Moderna said that coronavirus vaccines are likely to be less effective against the Omicron variant.